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Anatomy of Check-Kiting Fraud Bankrate.com
- https://www.bankrate.com/banking/checking/anatomy-of-check-kiting-fraud/
- Kiting isn’t the most popular type of deposit fraud. In fact, it happens with far less frequency than typical deposit fraud, but it can be far more devastating to the bank.
What Is Check Kiting? LegalMatch
- https://www.legalmatch.com/law-library/article/what-is-check-kiting.html
- Jun 26, 2018 · Check kiting is a serious crime, and is one of the most strictly enforced types of white collar crimes. Even first time offenders can face stiff penalties, sometimes resulting in fines of greater than $500,000, and jail time of more than 20 years.Author: Ken Lamance
What is Kiting? - Definition Meaning Example
- https://www.myaccountingcourse.com/accounting-dictionary/kiting
- Definition: Kiting, also called check kiting, is a fraudulent scheme that uses checks to embezzle money from a business. Kiting is usually committed by a bookkeeper or someone else with access to company checks and the ability to forge checks, but it can also be used by the company.
Check kiting definition — AccountingTools
- https://www.accountingtools.com/articles/check-kiting.html
- Someone engaged in kiting has a detailed knowledge of how long it takes for checks to clear the bank, and will take advantage of the timing delay to withdraw cash (even partial amounts) just before the bank discovers that there is a problem. A sophisticated check kiting scheme can …
Kiting Definition - Investopedia
- https://www.investopedia.com/terms/k/kited.asp
- May 07, 2019 · Kiting is the fraudulent use of a financial instrument such as a check to obtain additional credit that is not authorized. There are two variants of kiting:
Check kiting Definition Bankrate.com
- https://www.bankrate.com/glossary/c/check-kiting/
- Check kiting is the illegal process of writing a check off of a bank account with inadequate funds to cover that check. Check kiting relies on the fact that it takes banks a few days (or even ...
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